the simple Pros and Cons of Auto Title Loans

If you've spent some time reading my blog and doing your own research about both Auto Title and Payday loans, maybe you're thinking that the whole ordeal is just too complicated. Well, don't be frightened because it's really quite simple.

The best thing to do when making any decision is weigh the pros and cons. So here they are!

As you know, an Auto Title Loan is granted using your vehicle as collateral. It's a great way to get some emergency cash if you need it but there certainly are consequences if you make irresponsible choices.

Auto Title Loan: Pros

If you own a car and have a job, getting an auto title loan is quite easy. There are plenty of sites on-line but some of the best are www.AutoCashUSA.com, www.TitleandPaydayLoans.com and www.RPMLenders.com.

All you need are your driver’s license, proof of residence (a utility bill will do) and your last pay stub to prove your employment status. Once your title of the car is verified, your loan is approved and usually you have the cash you need within 24 hours. Yes, it is that simple.

Typically speaking, loan applicants with a bad credit history get the big denial stamp. However, with an auto title loan, bad credit is not a disqualifying factor. So if your credit score is down in the dumps, don't worry!

Here's the best part...you get to keep your car. Your car is yours to keep, even while you're paying the loan back. I've heard some people liken Auto Title lenders to car thieves...and it's just ridiculous. No one is stealing your car.

Auto Title Loan: Cons

Let's be honest...the idea of getting your hands on a mountain of cash is attractive. Some people fall prey to this notion that and wind up being the biggest loser. Remember, these loans must be taken out with responsibility and only in urgent situations.

The reason I said what I said above about people painting Auto Title lenders as thieves is because of the very real risk that exists with these loans. You can lose your car. You use your car as collateral because the lender needs security in the event of your failure to repay. This is the absolute worst case scenario but it's happened to those who take out the loans when they shouldn't. So you see...they aren't really stealing your car. It's more like...you've given them the right to take possession of it in the event that you don't pay them back...which is basically like stealing their money. An eye for an eye, you know?


So...the lesson learned. Auto Title loans can be a great option for you if you're in an emergency type of situation AND have the means to pay it back. If you don't feel like you fit that description then you better reconsider your options and ask yourself why you really need all that money right now.

We're in a recession! Save your dang money!

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Scary times just got....yep....scarier!

Damn it! Technology and I just aren't getting along right now. I just wrote a post that I was very pleased with and somehow, it got erased. I'm not exactly sure what happened, it was probably my fault but I don't want to waste too much time wondering WTF because then I'll drive myself mad.

Instead...I'll attempt to rewrite what I had said about the recent news regarding our fragile economy.

I should have assumed that the bad news would just get worse. Had I done that I wouldn't have been so surprised when I heard about the $700 BILLION the administration is asking for.

I couldn't help but think of Dr. Evil.....



Our President and the Federal Reserve chairman are asking for a blank check. This makes me angry and it should make you upset too because I don't think this money is just coming from no where. It's not like we have a big surplus we can borrow from....our country is buried in debt and that $700 billion is most likely going to come from us. Taxes, baby!

That's right. Taxes will pay for that money...and I'm not sure how Uncle Sam intends to do it...whether it's an increase in taxes, a large reduction of tax cuts or a liquidation of government services. Either way, it won't be fun.

The thing that sucks the most is that while I hate the idea of giving the people who screwed everything up more money to try and fix it...I don't know what else to do! I can only hope for two things.

1. The measure gets beefed up with safeguards to ensure a smooth operation. I don't want my money to just bail out the government's friends on Wall Street. Main Street needs help too.

2. The next administration takes that $700 billion and makes some smart moves with it. I've tried my best not to reveal my political beliefs and whom I've chosen to vote for so I'll just say that whomever wins better use that money wisely.

Otherwise I'll be packing my bags and headed to a small island some where in the Pacific.

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Stop digging yourself into more debt!

If you're on the phone, right now, with a credit card company, on hold to request a bigger credit line...HANG UP. Consider the consequences of your actions and ask yourself why you're doing such an unwise thing. If you need quick cash that bad it's really not a good idea to increase your credit. I'm going to assume that if you're desperate enough to ask for more credit it's because you really really need it...like you're having an emergency.

Well, there's a better option for you and it's not nearly as dangerous and you don't even have to feel like it's an act of desperation because thousands of people turn to these options every day as a healthy alternative to deeper debt and/or heavy overdraft fees.

Hang up the phone and point your Internet browser to www.paycheckATM.com, www.USApaydaylenders.com and www.TitleandPaydayLoans.com to get started.

They're called Payday Loans and anyone with a job can obtain one. Essentially they are smaller cash advance loans up to $1,200 that must be paid within a month's time or so. Despite what you may have heard, as long as you complete the loan and pay it back you've got nothing to worry about and it won't affect your credit score. In fact, you don't even need to worry about your credit score because it doesn't affect your application.

Still unsure? Do a little bit of research to find out more about Payday Loans and Title Loans. I think if you're in a pinch and need quick cash, it's a much better option. Budget Blogger is another great resource for information and just recently, I discovered I Can Has Payday (which is fantastic for cat lovers).

Be smart!!

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